OVER 1 MILLLION PEOPLE IN THE UK USE NEW PAYE SYSTEM – REAL TIME INFORMATION


 
Intelligo, taking its news from HM Revenue and Customs, announced that the new PAYE reporting system, known as Real Time Information (RTI), started on 6 April 2013. Under RTI, employers report PAYE in real time from their first pay day on or after 6 April each time they pay their employees, rather than yearly. 
 
Intelligo’s Director Padraig Gill explains, “Real Time Information (RTI) is the most fundamental change to the UK PAYE system in decades. Employers will have to provide detailed employee information (up to 130 items of data per employee) at the time they make each and every wage or salary payment. That’s in stark contrast with the current PAYE regime where employers simply make returns to HMRC, with no obligation to provide supporting documentation until the end of each tax year.”
 
“As mentioned in our March RTI press release, we have invested a large amount of time and resources over the last few months in developing our corporate payroll solution, Megapay to meet these new legislative changes.  We have worked very closely with our clients to ensure that Megapay’s RTI function meets the new criteria, and to date a large number of our enterprise clients have successfully used the RTI function since the start date in April. 
 
Padraig added, “We are delighted with the feedback from our clients who have reported RTI since its start date last month, it has been easy to report and hassle free. Intelligo’s aim is to help our clients and payroll operators deal with these increased duties such as RTI and Auto-Enrolment seamlessly and without interruption to their daily tasks. Our help desk is open Monday to Friday from 9.00am until 5.30pm, should any of customers need any help or support.”